"Expert Warns of Severe Financial Risks with Store Credit Cards"

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Source: Fox Business
"Expert Warns of Severe Financial Risks with Store Credit Cards"
Photo: Fox Business
TL;DR Summary

Financial planner Bryan Kuderna warns that store credit cards can lead to severe long-term financial issues due to high interest rates, late payment fees, and potential negative impacts on credit scores. These cards, often pitched at the point of purchase, can entice consumers with immediate savings but result in significant debt and financial complications. Kuderna advises consumers to thoroughly evaluate the necessity and terms of such cards and to practice good budgeting and debt management if they choose to apply.

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